@lakshmana You need to find an exchange that accepts your currency. I have advice if you are using dollar in the United States, but if I recall you are in India, so i'm not sure. I would seek advice from a trustworthy community for bitcoin in your region. I follow /r/bitcoin on reddit, maybe those guys could help you out.

Sure but you are more likely to screw up your own wallet during the transition than to see Xapo vanish. They are well known venture capitalist with well known backing. It would be the same level of security as storing your money in Paypal.

Mt Gox had not clout at all like Xapo.

And again, if you wanting to learn about BTC and use a couple mBTC thats one thing. If you are investing in BTC I am suggesting it will be all around easier and safer to use someone like Xapo or Coinbase. And again, the people behind Xapo are not going to dissapear.

And I will add, I would never had suggested this before the hard fork and wouldnt suggest it 6 months or so from now.

But at this very moment things are going to be at its worst, a last for a few weeks til we get to block 479808. And still, there are going to be issues and people losing there coins. And I am watching closely to see what everyone not signed on to the NYA is going to do.

Just wanted to clarify why I am making a suggestion I otherwise would never make.

And I will add, I would never had suggested this before the hard fork and wouldnt suggest it 6 months or so from now.

But at this very moment things are going to be at its worst, a last for a few weeks til we get to block 479808. And still, there are going to be issues and people losing there coins. And I am watching closely to see what everyone not signed on to the NYA is going to do.

Just wanted to clarify why I am making a suggestion I otherwise would never make.

Yeah, really bad time for the bitcoin network till things get ironed out.

I would almost guess BTC is going to shoot up even more after this, because I feel like big money now owns BTC. We could see $30,000 for a BTC inside 12 months. Some people think it will peek at $40,000.

@lakshmana You need to find an exchange that accepts your currency. I have advice if you are using dollar in the United States, but if I recall you are in India, so i'm not sure. I would seek advice from a trustworthy community for bitcoin in your region. I follow /r/bitcoin on reddit, maybe those guys could help you out.

If to speak in theory, then the possibility still exists, but here the profitability of this case will be minimal. Unless you have a whole hangar pinned with computing equipment. But then the investments will be corresponding, which is inexpedient, as for me. I prefer to trade, since it requires much less time and money. Plus, I use the method on a permanent basis with the sale of Bitcoin via https://coinsgive.com/ (if anyone is interested, I will add the invitation code 085cec88 for registration). But for earnings it is necessary to follow the list of actions - to buy a crypto currency at coins.ph with the help of a wallet created on the GCash. Then, sell tokens on coinsgive.com and take your money out to PayPal. This has already earned a good fortune a number of times)

@Lakshmana yes, in general bitcoin is anonymous, but not always. there are still some ways to trace your transactions and identify your funds. Blockchain is actually decentralized, but it's still not totally anonymous. There are few strategies how you can improve security. First of all you can use some stuff like bitcoin blender in order to make your transactions more safe and anonymous.